ALLENTOWN, Pennsylvania, December 12, 2017 /PRNewswire/ --
American Energy Partners, Inc. (OTC: AEPT) (the "Company", "American Energy" or "AEPT"), a diversified energy company, today issues an update to Shareholders.
This has been a successful year for American Energy Partners, Inc., having made significant steps to transform the company into a highly focused enterprise poised for strong, long-term growth. We've completed many strategic initiatives to reshape American Energy for a stronger future. Before discussing these individually, we would like to share key highlights:
- American Energy has accomplished an annual ROI of 450%
- Our market capitalization grew to well over $1,000,000
- Decreased the company's debt load by 60%.
- Received Analyst coverage from "SeeThruEquity"
- Analyst Research Report
We would like to take this opportunity to recognize the positive strides the company has made over the past year. Following the acquisition of the public company, AEPT completed the company's rebranding efforts to better reflect the company's core values and line of business.
American Energy began the second quarter with the announcement of our agreement with the Eastern Pennsylvania Coalition for Abandoned Mine Reclamation ("EPCAMR") to engage the Susquehanna River Basin Commission ("SRBC") in a multi-phase study of the Mocanaqua Abandoned Mine Drainage Tunnel. This project, if successful will bring access to over five hundred billion gallons of treated mine influenced water into the local Pennsylvania watershed.
As stated in the November SeeThruEquity analyst report, "targeting waste water treatment (via AES), oil & gas (via Gilbert), and hydration distribution (via HCPA) and integrating these services creates significant opportunities for positive revenue synergies. The presence in the Marcellus and Utica basin (via Gilbert Oil & Gas) will help AEPT cross-sell its services offerings such as reclaimed water distribution to diversified energy companies."
To that effect, heading into the fourth quarter, American Energy closed on a multi well package of producing gas and oil assets as well as an interest in significant unleased mineral acres in the Tier I area of the wet Marcellus and dry Utica Shale from a single undisclosed seller. In addition, we have entered into an agreement to purchase up to a 30% equity position in an Oil & Gas Services company engaged in the plugging of abandoned wells within Ohio, Pennsylvania, and West Virginia. It is our position that the plugging and abandonment market will represent one of the highest growing components within the oil and gas services sector.
We have positioned ourselves for outsized growth and returns by retaining Aqua Terra Management, LLC, an affiliate of Boenning and Scattergood to provide investment banking services to American Energy. Moving into 2018, with the assistance of Aqua Terra, we will seek companies within the middle market of Oil and Gas Services for acquisition.
"We consider 2018 to be the jumping off point for American Energy. The Company is situated to take full advantage of the funding of the Regulation A+, its banking relationships and the impressive team (Management, Board of Directors) assembled to put capital to work inside the energy sector while concurrently building upon the solid structure that was created in 2017," states American Energy's Chairman and CEO, Brad Domitrovitsch.
American Energy Partners, Inc. (AEPT)
AEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
Hydration Corporation of PA, LLC ("HCPA") is engaged in the businesses of water exploration, water augmentation, and the treatment of impacted waters. Notably, its intellectual property delivers one of the highest energy yields from a broad range of water-bearing assets, with one of the lowest capital expenditures of any other known water processes. American Energy Solutions, LLC (AES) provides treatment technologies that contribute to HCPA's business model of low-cost treatment and distribution. As a provider of design, this subsidiary is capable of repeatable and synergistic services across the value chain. Gilbert Oil & Gas Company (GIL) is leveraging broad industry valuation experience to source drilling, operating, and partnership opportunities in the upstream oil and gas space. It is positioned to become a strong customer of AEPT's other subsidiaries while providing them with the foundation to attract other customers and enter new markets.
For additional information, visit: http://americanenergy-inc.com
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT's financial position and business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think", "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. AEPT cautions readers not to place undue reliance on such statements. AEPT does not undertake, and AEPT specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from AEPT's expectations and estimates.
SOURCE American Energy Partners, Inc.